Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$145,500.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of C$24.25, for a total transaction of C$145,500.00. Following the completion of the transaction, the insider directly owned 25,066 shares of the company’s stock, valued at approximately C$607,850.50. This trade represents a 19.31% decrease in their position.

Crissy Rafoss also recently made the following trade(s):

• On Friday, June 19th, Crissy Rafoss sold 11,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.49, for a total transaction of C$281,635.00.

Peyto Exploration & Development Trading Down 1.2%

Peyto Exploration & Development stock opened at C$24.47 on Friday. The firm has a 50-day moving average of C$25.18 and a 200-day moving average of C$25.18. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The company has a market cap of C$5.01 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of -0.46 and a beta of -0.50.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. The company had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. National Bank Financial lifted their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Desjardins boosted their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.64.

About Peyto Exploration & Development

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.